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8-Unit Apartment Building
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368 W 1st N, Rexburg, ID 83440

Eight residences feature three bedrooms and one-and-a-half baths, with current rents below market levels.

Property SizeContact for details
Days on Market143

Property Features for 368 W 1st N

General Information

Standard status Active
Property subtype Multifamily

Units

Unit Mix 8 x 3BR/1.5BA
Multifamily Units 8
Listing Agency: Goldman Ryden
Listed By: Matt Ryden · License #SP55166
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 29 at 10:26PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Goldman Ryden

Investment Insights

Based on property information with market context.

This apartment property includes eight residences, each configured with three bedrooms and one-and-a-half baths. Current rents are below market, providing documented rent escalation potential within the existing multifamily operation.

The property is located in Rexburg, Idaho, less than 1 mile from BYU-Idaho, a campus serving more than 25,000 students. Rexburg’s economy is supported by education, retail, healthcare, and agriculture. The city has a median age of approximately 23 years and recorded population growth of 14.7% over the last five years, supporting the area’s established demand for rental housing.

Key Highlights

  • Eight‑unit apartment property with an all three‑bedroom unit mix
  • Each residence includes one‑and‑a‑half baths
  • Current rents are below market with rent escalation potential

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Plumbing Service (Bike/Boat/Book/etc) Store Locksmith Veterinary Clinic HVAC Service Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

8
Residential units

Location Intelligence

Trade Area within ½ mile

748
Businesses Nearby

Demographics for 83440, ID

50,567
Population
13,845
Households
3.7
Avg Household Size
25
Median Age
40%
College-Educated
97%
High-School Grad
181.7 sq mi
ZIP Area
278
Density / Sq Mi
$57,701
Median Household Income
$11,659
Median Earnings
$959
Median Rent
$372,800
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Eight residences feature three bedrooms and one-and-a-half baths, with current rents below market levels.
Where is this apartment building located?
The property is located at 368 W 1st N Rexburg, ID.
What are key features of this property?
This property features: Eight‑unit apartment property with an all three‑bedroom unit mix; Each residence includes one‑and‑a‑half baths; Current rents are below market with rent escalation potential
(208) 472-2847 Call to check price and availability
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